What is NITI Aayog? Explain its importance.
NITI Aayog, short for National Institution for Transforming India, is a premier policy think tank of the Government of India established on January 1, 2015, replacing the erstwhile Planning Commission. It serves as a catalyst for the development agenda of the country, fostering cooperative federalism by involving the states in the economic policy-making process. The institution operates under the chairmanship of the Prime Minister of India and comprises various members, including full-time and part-time experts, along with representatives from the _________ ____ ____ _______ _____ __________ _____ _______ _________ ___ _____ ______.
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